WASHINGTON, June 12 -- Sen. Chuck Grassley issued the following news release:
Q: What does the 2026 federal tax filing data show?
A: The U.S. Treasury released data showing American families and workers claimed $82 billion in individual direct relief from the Working Families Tax Cuts Act signed into law one year ago on the Fourth of July. The Republican-led Congress passed the landmark tax law without a single Democrat voting for the largest tax relief in U.S. history. Without its passage, Americans would have been hit with a $5 trillion tax hike. Instead, 97% of Americans who filed taxes received a tax cut this past filing season. Many received their largest refund in years to help make a car payment, pay bills and put into savings. The...